Food delivery. Photo by Kai Pilger on Unsplash

Reimagining European restaurants for the new normal – report

To win in the next normal, European restaurants will need to embrace innovation in their channel strategy, menu offerings, and business model. Six months into the COVID-19 crisis, European restaurants are reopening amid challenging conditions such as infection waves, mandated reductions in seating capacity, and consumer safety concerns. One thing is certain—the market will not go back to how it was before the pandemic. Already, we’re seeing consumer preferences and behaviors change. Consumers are showing greater focus on value-for-money and more interest in restaurants that offer healthy food options. And while…

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Pub diners. Photo by Tabitha Turner on Unsplash

UK Government launches discount scheme to feed summer dining numbers

The Eat out to help out scheme launches across the UK on Monday and has been hailed by Rishi Sunak as a lifeline for the beleaguered hospitality industry. It will give diners 50% off food and soft drinks, with a maximum discount of £10, on certain days in August. Here is a guide to the scheme. What’s the deal? If you dine out on a Monday, Tuesday or Wednesday this month you can save up to half the price of your meal – subject to some terms and conditions. You…

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Bullring Bull

Coronavirus: shopping centre owner Hammerson plots £600m rights issue

The company is in talks to sell its 50% stake in VIA Outlets, a portfolio of European shopping destinations, Sky News learns Britain’s biggest listed shopping centre-owner is preparing to ask shareholders for hundreds of millions of pounds to improve its chances of surviving the coronavirus pandemic. Sky News has learnt that Hammerson, which owns the Bullring in Birmingham and London’s Brent Cross mall, is drawing up plans for a rights issue that could raise more than its current market capitalisation. One investor said this weekend that Hammerson could seek…

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